12-56 River Rd, Fair Lawn, NJ 07410

14 Unit Apartment Building | $4,750,000 ($339,286/Unit) | 4.73% Cap Rate | Fair Lawn, NJ 07410

Asking Price $4,750,000

Property Type: Multifamily
Square Feet: 13,469 SF

Listing Contacts

Bruce Elia

Elvis Durakovic

Property Overview

The Elia Realty Group (ERG) powered by KW Commercial, are proud to present an exciting new investment sale opportunity in Fair Lawn, NJ. Located just miles from NYC, this mixed-use retail / residential investment is prime for a savvy or novice investor. The property consists of 14 total units, with a breakdown of 4 retail storefront spaces and 10 residential apartments. The building is all brick consisting of approx. 13,469 sqft on three floors and was built in 2007 and has been maintained in excellent condition throughout its ownership lifetime. With ability to consistently escalate rents in an attractive Northern, NJ town, this investment is ready for a buyer looking to purchase on a 1031 exchange, or to park money and watch it grow year over year.

Property Details

Class: B
Year Built/Renovated: 2007/2015
Stories: 3
Property Subtype: Storefront Retail/Residential, Office/Residential
Lot Size (sq. ft): 8,276 SF
Units: 14

Highlights

Heavy Retail Foot Traffic
Easy Escalation in Rents Year-over-year
(14) Units of Income Producing Opportunity

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